Friday, April 17, 2009

4/16 - Market Analysis

SPX - resistance


SPY - bullish


COMPQ - breakout?


IWM - resistance


OIH - fakeout?


ETFs - comsumers lead?? weird


HEAT



Analysis: another day of gains and it feels more and more like its the end of it..momentum is fading...and so is the excitement...definitely thinking its the late comers who are left and the smart money already took profit and is now getting ready for the right time to short...but as some charts actually are showing breakouts...i have to respect the trend and get into a long position of a great risk / reward trade comes about...but definitely only on great setups

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